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Union At International Paper Ratifies Deal

International Paper Co. and the United Steelworkers union said on Tuesday that workers have ratified a four-year contract.

MEMPHIS, Tenn. (AP) -- International Paper Co. and the United Steelworkers union said on Tuesday that workers have ratified a four-year contract.

The new contract covers 6,000 workers and includes wage increases in each year, retirement improvements and job security, the union and the company said in a joint news release.

The deal covers workers in Augusta, Ga.; Campti, La.; Pensacola, Fla.; Courtland, Ala.; Georgetown, S.C.; Pine Hill, Ala.; Port Hueneme, Calif.; Prattville, Ala; Riegelwood, N.C.; Savannah, Ga.; Selma, Ala.; Texarkana, Texas; Ticonderoga, N.Y.; Valliant, Okla.; and Vicksburg, Miss.

Shares of International Paper fell 47 cents to $31.82 in afternoon trading.

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